$18,600,000 $99,849 est/mo Sourced by Back At You

2400 Cherry Lane,Kingsland, TX 78639

Kingsland TX, 78639

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Description

Incredible investment opportunity on the constant level Lake LBJ in the Austin Hill Country. There is a 50% Ownership Option for $9.3M or 100% Ownership Option for $18.6M, both below current market value. This amazing opp is perfect as a high demand EVENT VENUE for weddings, wedding receptions, corp retreats, family reunions, family & friend’s getaway as well as an income producing vac rental opportunity. This gated 4.3+/- acres consists of 10 newly constructed modern farmhouse single family homes ranging from 2932 to 3429 sqft with 4 & 5 bedrooms, prof designed & furnished (4 of the 10 furnished & the remaining 6 can be) & sleep 12-15 people per residence. The houses each boast the finest in materials incl hardwood floors, quartz counter tops in the large kitchens & bathrooms, custom finishes, King size beds in bedrooms & one bedroom as an over-the-top bunk room, laundry rooms upstairs as well as downstairs a private splash pool in each fenced private yard. The community features a regulation pickle ball court, also with use as a basketball court, a covered pavilion with grills, flat screen t.v., dining areas, lounging areas as well as uncovered lounge areas, all under the towering oak shade trees & overlooking the lake. The highlights of course are the 8 boat slips & a slip for jet skii’s & easy access for kayaking & stand-up paddleboards. Tucked in a cove right off open water makes this a highly desirable & user-friendly watersports haven. The Cove at LBJ is also minutes from worldclass golfing.

Details

MLS#167469
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year2022
Days On Site121
Listing Provided ByKeller Williams - Lake Travis | Lesli Akers
Buying Commision2.5%

Features

Story(s)2
Units10
Acreage4.31
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Highland Lakes Association of REALTORS®.

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Learn More About This Property

StateTX
CountyLlano
CityKingsland
Zip Code78639
AreaLlano
Listing VS Median (in 78639)
Price:
$18,600,000
low | high
Med:
$758,990
100% of Average
On Site:
121
low | high
Med:
354.5
34.132581100141% of Average
Sourced by Back At You
Listing Updated: June 10, 2024 at 7:08:50 PM PDT